BenchMark Forex Broker

BenchMark Review SummaryFounded5-10 yearsRegistered Country/RegionBulgariaRegulationSuspicious CloneMarket InstrumentsForex, cryptocurrencies, stocks, ETFs, metals, oil & gas, indicesDemo Account✅LeverageUp to 1:400SpreadFrom 0.6 pipsTrading PlatformMT4/MT5Minimum Deposit/Customer SupportTelephone: +359 2 962 54 05, +359 2 962 57 95Email: office@benchmark.bg, markets@benchmark.bgFacebook/Twitter/LinkedIn/TikTok/Instagram/YouTubeLive chatBenchMark Information Established in 2003 and part of the BenchMark Group, BenchMark Finance is an investment intermediary. Specializing in brokerage services for trading financial instruments across international markets, with a maximum leverage of 1:400 including currency pairs, stocks, commodities, stock indices, funds, futures, and more. The firm also facilitates trading on the Bulgarian Stock Exchange for assets such as stocks, bonds, compensation notes, and compensation vouchers. The minimum spread is from 0.6 pips. However, BenchMark is still risky due to its Suspicious Clone status.Pros and ConsPros Cons Demo account availableSuspicious clone licenses24/5 customer supportLack of account informationVarious tradable instrumentsMT4/MT5 availableNo deposit and withdrawal feesIs BenchMark Legit?Regulated CountryCurrent StatusRegulated Authority License TypeLicense NumberSuspicious CloneThe Autorité des Marchés Financiers(AMF)Retail Forex License75973Suspicious CloneFederal Financial Supervisory Authority (BaFin)Retail Forex License137382Suspicious CloneFinancial Conduct Authority (FCA)European Authorized Representative (EEA)621564Suspicious CloneComisión Nacional del Mercado de valores (CNMV)Retail Forex License4100What Can I Trade on BenchMark? BenchMark offers a wide range of market instruments, including forex, cryptocurrencies, stocks, ETFs, metals, oil & gas, and indices.Tradable Instruments Supported Forex✔Oil & Gas✔Stocks✔Cryptocurrencies✔Metals✔ETFs✔Indices✔Options❌Bonds❌Mutual Funds❌Account Type BenchMark has two account types: a demo account and a live account. The demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Account Type Supported Demo account✔Live account✔BenchMark Fees The spread is from 0.6 pips. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:400, meaning that profits and losses are magnified 400 times.Trading Platform BenchMark cooperates with the authoritative MT4 and MT5 trading platforms available in Desktop(Windows/MacOS), Mobile(Android/iOS), and Web to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.Trading PlatformSupported Available Devices Suitable for MT4✔Desktop/Mobile/WebBegginersMT5✔Desktop/Mobile/WebExperienced tradersDeposit and Withdrawal Traders can fund their accounts via debit/credit cards for free, with 24/7 processing on working days. Wire transfers are also fee-free, processed on working days between 07:00-14:45 GMT. Client account fund transfers are accepted anytime, but executed within the same working-hour window. For withdrawals, bank wires are available 24/7 and processed on business days between 07:00-14:45 GMT.Deposit OptionsFeesProcessing TimeBank Cards0%Up to 30 minWire Transfer0%Up to 30 minTransfer0%Up to 30 minWithdrawal OptionsFeesProcessing TimeBank Wire0%Up to 30 minTransfer0%Up to 30 min